Landscape Capital Management L.L.C. Has $1.14 Million Position in Funko, Inc. $FNKO

Key Points

• Landscape Capital Management L.L.C. reduced its holdings in Funko, Inc. by 38.5%, selling 103,604 shares and now owns approximately 0.30% of the company.
• Several institutional investors, including Hsbc Holdings and Caxton Associates, have recently acquired stakes in Funko, with institutional ownership rising to 99.15%.
• Funko reported a loss of $0.48 EPS for the last quarter, significantly missing estimates, amid a 21.9% decline in revenue year-over-year.

Landscape Capital Management L.L.C. lessened its stake in Funko, Inc. (NASDAQ:FNKO - Free Report) by 38.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,723 shares of the company's stock after selling 103,604 shares during the period. Landscape Capital Management L.L.C. owned 0.30% of Funko worth $1,137,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nomura Holdings Inc. increased its stake in shares of Funko by 19.8% in the 4th quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company's stock valued at $32,845,000 after buying an additional 404,849 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Funko by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company's stock valued at $20,688,000 after acquiring an additional 234,981 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Funko by 952.8% in the first quarter. Assenagon Asset Management S.A. now owns 1,235,437 shares of the company's stock valued at $8,475,000 after acquiring an additional 1,118,090 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in Funko in the fourth quarter worth about $13,783,000. Finally, SG Americas Securities LLC raised its holdings in Funko by 5,429.1% during the 1st quarter. SG Americas Securities LLC now owns 1,011,493 shares of the company's stock worth $6,939,000 after purchasing an additional 993,199 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Funko from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. DA Davidson restated a "buy" rating and issued a $7.00 price target on shares of Funko in a research report on Monday, July 28th. Finally, The Goldman Sachs Group dropped their price objective on Funko from $5.50 to $2.50 and set a "neutral" rating for the company in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $9.13.

Funko Trading Down 1.4%

FNKO stock traded down $0.05 during midday trading on Monday, hitting $3.46. 876,403 shares of the company's stock were exchanged, compared to its average volume of 2,258,548. Funko, Inc. has a one year low of $2.22 and a one year high of $14.65. The stock's fifty day moving average price is $3.93 and its 200-day moving average price is $5.44. The company has a market cap of $191.58 million, a PE ratio of -2.86 and a beta of 0.81. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.41 and a current ratio of 0.64.

Funko (NASDAQ:FNKO - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.30). Funko had a negative net margin of 6.72% and a negative return on equity of 19.97%. The business had revenue of $193.47 million during the quarter, compared to analyst estimates of $206.18 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Funko's revenue for the quarter was down 21.9% compared to the same quarter last year. Research analysts predict that Funko, Inc. will post -0.12 earnings per share for the current fiscal year.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.